Clearview Wealth Advisors LLC Lowers Stake in Walmart Inc. (NYSE:WMT)

Clearview Wealth Advisors LLC reduced its position in Walmart Inc. (NYSE:WMT) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,723 shares of the retailer’s stock after selling 114 shares during the quarter. Clearview Wealth Advisors LLC’s holdings in Walmart were worth $878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in Walmart in the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. purchased a new stake in Walmart in the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. boosted its position in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. purchased a new stake in Walmart in the 4th quarter worth approximately $32,000. Finally, Hoese & Co LLP purchased a new stake in Walmart in the 3rd quarter worth approximately $33,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of WMT opened at $99.60 on Tuesday. Walmart Inc. has a 12-month low of $55.85 and a 12-month high of $99.79. The stock has a market cap of $800.13 billion, a P/E ratio of 40.88, a PEG ratio of 4.49 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $93.07 and a two-hundred day moving average of $83.27.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Analysts Set New Price Targets

WMT has been the subject of several research analyst reports. UBS Group upped their target price on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday. Roth Mkm upped their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Truist Financial upped their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Guggenheim increased their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Barclays lifted their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $95.37.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total value of $1,207,500.00. Following the transaction, the executive vice president now directly owns 579,915 shares in the company, valued at approximately $53,352,180. This trade represents a 2.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 137,177 shares of company stock worth $12,649,328. 45.58% of the stock is currently owned by company insiders.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.